Analyst Ratings For Remitly Global
Portfolio Pulse from Benzinga Insights
Remitly Global (NASDAQ:RELY) has been analyzed by 8 analysts, revealing a mix of bullish and bearish sentiments. The average 12-month price target is $23.38, a 9.49% decrease from the previous target. Analysts have recently lowered their price targets, reflecting cautious optimism. Remitly's financials show strong revenue growth but challenges in profitability and returns.
June 11, 2024 | 1:00 pm
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Remitly Global has received mixed analyst ratings, with a new average price target of $23.38, down 9.49% from the previous target. Analysts have lowered their price targets, indicating cautious optimism. The company shows strong revenue growth but faces challenges in profitability and returns.
The mixed analyst ratings and lowered price targets suggest cautious optimism. While the company shows strong revenue growth, challenges in profitability and returns may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100